Viking Magazine - April 2014 - 43

consider their needs as an individual.
" Women tend to take care of children
and focus on caregiving, " says Jason.
Between multitasking and managing
everyone else's lives, they overlook
the need to plan for a secure financial
future. " A woman should think about
her own needs first-to preserve and
protect. "
It's tempting to get bogged down in a
daily to-do list, but women should focus
on the big-picture outcomes of what
they want to achieve with their money,
suggests Jason. A project management
mindset can help them develop financial
planning habits that will benefit them in
the long-term. Anticipate a longer retirement-and
likely not one supported
with a traditional pension, advises Jason.
" You can't be without a plan these
days, " she says. " The burden is on the
individual to be organized. "
3. DEVELOP
AN INVESTMENT
STRATEGY
" Making good investment decisions is
gender neutral, " says Jason. But overall,
women are more risk averse than men
when it comes to investing. Research
shows that women tend to be more conservative
with their money. If they had
more, women surveyed say they would
be bolder in their investing.
However, experts suggest that women
can make a conservative investment
strategy work to their advantage. Rather
than chasing the latest lead, they are
smart to be patient and well-diversified,
says O'Connor. " Boring isn't necessarily
bad. " Women should have a portfolio
that is built to meet their specific
goals, rather than balanced with some
aggressive holdings and others that are
low-risk, adds Jason.
9 out of 10
women will
have to
manage
money on
their own
THE NUMBERS
AT A GLANCE
women who " feel
prepared " to make
financial decisions
23%
45%
men who " feel
prepared " to make
financial decisions
12: average number
of years women lose in
the paid workforce over
their lifetimes as the
result of caregiving
Sources: Prudential, AARP
FINANCIAL
PLANNING TIPS
FOR WOMEN
➜ If you're working, maximize
your contributions to retirement
savings accounts such as
401(k)s and IRAs. Carry adequate
life insurance coverage on your
spouse, and consider long-term
care insurance.
➜ Educate yourself about the
best Social Security option
for you. Your payments grow
the longer you wait to begin
collecting Social Security checks.
Determine whether it's better
to start collecting at age 62 or
age 70.
➜ Discuss retirement planning
with a financial adviser, including
the roles for family members
to take on, if needed, such as
power of attorney. Make sure
you have enough money saved
for your own future before you
give financial assistance to your
adult children.
-Rose Stevens, FBC,
RMS Financial Services Inc.
Tacoma, Wash.
For a complimentary
consultation with
your Sons of Norway
Financial Benefits
Counselor, visit
sonsofnorway.com.

http://www.sonsofnorway.com

Viking Magazine - April 2014

Table of Contents for the Digital Edition of Viking Magazine - April 2014

Contents
Viking Magazine - April 2014 - Cover1
Viking Magazine - April 2014 - Cover2
Viking Magazine - April 2014 - Contents
Viking Magazine - April 2014 - 4
Viking Magazine - April 2014 - 5
Viking Magazine - April 2014 - 6
Viking Magazine - April 2014 - 7
Viking Magazine - April 2014 - 8
Viking Magazine - April 2014 - 9
Viking Magazine - April 2014 - 10
Viking Magazine - April 2014 - 11
Viking Magazine - April 2014 - 12
Viking Magazine - April 2014 - 13
Viking Magazine - April 2014 - 14
Viking Magazine - April 2014 - 15
Viking Magazine - April 2014 - 16
Viking Magazine - April 2014 - 17
Viking Magazine - April 2014 - 18
Viking Magazine - April 2014 - 19
Viking Magazine - April 2014 - 20
Viking Magazine - April 2014 - 21
Viking Magazine - April 2014 - 22
Viking Magazine - April 2014 - 23
Viking Magazine - April 2014 - 24
Viking Magazine - April 2014 - 25
Viking Magazine - April 2014 - 26
Viking Magazine - April 2014 - 27
Viking Magazine - April 2014 - 28
Viking Magazine - April 2014 - 29
Viking Magazine - April 2014 - 30
Viking Magazine - April 2014 - 31
Viking Magazine - April 2014 - 32
Viking Magazine - April 2014 - 33
Viking Magazine - April 2014 - 34
Viking Magazine - April 2014 - 35
Viking Magazine - April 2014 - 36
Viking Magazine - April 2014 - 37
Viking Magazine - April 2014 - 38
Viking Magazine - April 2014 - 39
Viking Magazine - April 2014 - 40
Viking Magazine - April 2014 - 41
Viking Magazine - April 2014 - 42
Viking Magazine - April 2014 - 43
Viking Magazine - April 2014 - 44
Viking Magazine - April 2014 - 45
Viking Magazine - April 2014 - 46
Viking Magazine - April 2014 - 47
Viking Magazine - April 2014 - 48
Viking Magazine - April 2014 - 49
Viking Magazine - April 2014 - 50
Viking Magazine - April 2014 - 51
Viking Magazine - April 2014 - 52
Viking Magazine - April 2014 - 53
Viking Magazine - April 2014 - 54
Viking Magazine - April 2014 - Cover3
Viking Magazine - April 2014 - Cover4
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-nov-dec-2024
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-jul-aug-2024
https://www.nxtbook.com/greenspringmedia/viking/may-jun-2024
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-mar-apr-2024
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-jan-feb-2024
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-nov-dec-2023
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-sep-oct-2023
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-jul-aug-2023
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-may-jun-2023
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-mar-apr-2023
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-november-2011
https://www.nxtbook.com/greenspringmedia/viking/viking-magazine-jan-feb-2023
https://www.nxtbook.com/mspc/viking/202212
https://www.nxtbook.com/mspc/viking/202211
https://www.nxtbook.com/mspc/viking/202210
https://www.nxtbook.com/mspc/viking/202209
https://www.nxtbook.com/mspc/viking/202208
https://www.nxtbook.com/mspc/viking/202207
https://www.nxtbook.com/mspc/viking/202206
https://www.nxtbook.com/mspc/viking/202205
https://www.nxtbook.com/mspc/viking/202204
https://www.nxtbook.com/mspc/viking/202203
https://www.nxtbook.com/mspc/viking/202202
https://www.nxtbook.com/mspc/viking/202201
https://www.nxtbook.com/mspc/viking/202112
https://www.nxtbook.com/mspc/viking/202111
https://www.nxtbook.com/mspc/viking/202110
https://www.nxtbook.com/mspc/viking/202109
https://www.nxtbook.com/mspc/viking/202108
https://www.nxtbook.com/mspc/viking/202107
https://www.nxtbook.com/mspc/viking/202106
https://www.nxtbook.com/mspc/viking/202105
https://www.nxtbook.com/mspc/viking/202104
https://www.nxtbook.com/mspc/viking/202103
https://www.nxtbook.com/mspc/viking/202102
https://www.nxtbook.com/mspc/viking/202101
https://www.nxtbook.com/mspc/viking/202012
https://www.nxtbook.com/mspc/viking/202011
https://www.nxtbook.com/mspc/viking/202010
https://www.nxtbook.com/mspc/viking/202009
https://www.nxtbook.com/mspc/viking/202008
https://www.nxtbook.com/mspc/viking/202007
https://www.nxtbook.com/mspc/viking/202006
https://www.nxtbook.com/mspc/viking/202005
https://www.nxtbook.com/mspc/viking/202004
https://www.nxtbook.com/mspc/viking/202003
https://www.nxtbook.com/mspc/viking/202002
https://www.nxtbook.com/mspc/viking/202001
https://www.nxtbook.com/mspc/viking/201912
https://www.nxtbook.com/mspc/viking/201911
https://www.nxtbook.com/mspc/viking/201910
https://www.nxtbook.com/mspc/viking/201909
https://www.nxtbook.com/mspc/viking/201908
https://www.nxtbook.com/mspc/viking/201907
https://www.nxtbook.com/mspc/viking/201906
https://www.nxtbook.com/mspc/viking/201905
https://www.nxtbook.com/mspc/viking/201904
https://www.nxtbook.com/mspc/viking/201903
https://www.nxtbook.com/mspc/viking/201902
https://www.nxtbook.com/mspc/viking/201901
https://www.nxtbook.com/mspc/viking/201812
https://www.nxtbook.com/mspc/viking/201811
https://www.nxtbook.com/mspc/viking/201810
https://www.nxtbook.com/mspc/viking/201809
https://www.nxtbook.com/mspc/viking/201808
https://www.nxtbook.com/mspc/viking/201807
https://www.nxtbook.com/mspc/viking/201806
https://www.nxtbook.com/mspc/viking/201805
https://www.nxtbook.com/mspc/viking/201804
https://www.nxtbook.com/mspc/viking/201803
https://www.nxtbook.com/mspc/viking/201802
https://www.nxtbook.com/mspc/viking/201801
https://www.nxtbook.com/mspc/viking/201712
https://www.nxtbook.com/mspc/viking/201711
https://www.nxtbook.com/mspc/viking/201710
https://www.nxtbook.com/mspc/viking/201709
https://www.nxtbook.com/mspc/viking/201708
https://www.nxtbook.com/mspc/viking/201707
https://www.nxtbook.com/mspc/viking/201706
https://www.nxtbook.com/mspc/viking/201705
https://www.nxtbook.com/mspc/viking/201704
https://www.nxtbook.com/mspc/viking/201703
https://www.nxtbook.com/mspc/viking/201702
https://www.nxtbook.com/mspc/viking/201701
https://www.nxtbook.com/mspc/viking/201612
https://www.nxtbook.com/mspc/viking/201611
https://www.nxtbook.com/mspc/viking/201610
https://www.nxtbook.com/mspc/viking/201609
https://www.nxtbook.com/mspc/viking/201608
https://www.nxtbook.com/mspc/viking/201607
https://www.nxtbook.com/mspc/viking/201606
https://www.nxtbook.com/mspc/viking/201605
https://www.nxtbook.com/mspc/viking/201604
https://www.nxtbook.com/mspc/viking/201603
https://www.nxtbook.com/mspc/viking/201602
https://www.nxtbook.com/mspc/viking/201601
https://www.nxtbook.com/mspc/viking/201512
https://www.nxtbook.com/mspc/viking/201511
https://www.nxtbook.com/mspc/viking/201510
https://www.nxtbook.com/mspc/viking/201509
https://www.nxtbook.com/mspc/viking/201508
https://www.nxtbook.com/mspc/viking/201507
https://www.nxtbook.com/mspc/viking/201506
https://www.nxtbook.com/mspc/viking/201505
https://www.nxtbook.com/mspc/viking/201504
https://www.nxtbook.com/mspc/viking/201503
https://www.nxtbook.com/mspc/viking/201502
https://www.nxtbook.com/mspc/viking/201501
https://www.nxtbook.com/mspc/viking/201412
https://www.nxtbook.com/mspc/viking/201411
https://www.nxtbook.com/mspc/viking/201410
https://www.nxtbook.com/mspc/viking/201409
https://www.nxtbook.com/mspc/viking/201408
https://www.nxtbook.com/mspc/viking/201407
https://www.nxtbook.com/mspc/viking/201406
https://www.nxtbook.com/mspc/viking/201405
https://www.nxtbook.com/mspc/viking/201404
https://www.nxtbook.com/mspc/viking/201403
https://www.nxtbook.com/mspc/viking/201402
https://www.nxtbook.com/mspc/viking/201401
https://www.nxtbook.com/mspc/viking/201312
https://www.nxtbook.com/mspc/viking/201311
https://www.nxtbook.com/mspc/viking/201310
https://www.nxtbook.com/mspc/viking/201309
https://www.nxtbook.com/mspc/viking/201308
https://www.nxtbook.com/mspc/viking/201307
https://www.nxtbook.com/mspc/viking/201306
https://www.nxtbook.com/mspc/viking/201305
https://www.nxtbook.com/mspc/viking/201304
https://www.nxtbook.com/mspc/viking/201303
https://www.nxtbook.com/mspc/viking/201302
https://www.nxtbook.com/mspc/viking/201301
https://www.nxtbook.com/mspc/viking/201212
https://www.nxtbook.com/mspc/viking/201211
https://www.nxtbook.com/mspc/viking/201210
https://www.nxtbook.com/mspc/viking/201209
https://www.nxtbook.com/mspc/viking/201208
https://www.nxtbook.com/mspc/viking/201207
https://www.nxtbook.com/mspc/viking/201206
https://www.nxtbook.com/mspc/viking/201205
https://www.nxtbook.com/mspc/viking/201204
https://www.nxtbook.com/mspc/viking/201203
https://www.nxtbook.com/mspc/viking/201202
https://www.nxtbook.com/mspc/viking/201201
https://www.nxtbook.com/mspc/viking/201112
https://www.nxtbook.com/mspc/viking/201110
https://www.nxtbook.com/mspc/viking/201109
https://www.nxtbook.com/mspc/viking/201108
https://www.nxtbook.com/mspc/viking/201107
https://www.nxtbook.com/mspc/viking/201106
https://www.nxtbook.com/mspc/viking/201105
https://www.nxtbook.com/mspc/viking/201104
https://www.nxtbook.com/mspc/viking/201103
https://www.nxtbook.com/mspc/viking/201102
https://www.nxtbook.com/mspc/viking/201101
https://www.nxtbook.com/mspc/viking/201012
https://www.nxtbook.com/mspc/viking/201011
https://www.nxtbook.com/mspc/viking/201010
https://www.nxtbook.com/mspc/viking/201009
https://www.nxtbook.com/mspc/viking/201008
https://www.nxtbook.com/mspc/viking/201007
https://www.nxtbook.com/mspc/viking/201006
https://www.nxtbook.com/mspc/viking/201005
https://www.nxtbook.com/mspc/viking/201004
https://www.nxtbook.com/mspc/viking/201003
https://www.nxtbook.com/mspc/viking/201002
https://www.nxtbook.com/mspc/viking/201001
https://www.nxtbook.com/mspc/viking/200912
https://www.nxtbook.com/mspc/viking/200911
https://www.nxtbookmedia.com